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Exhaustioncandle

NVDA: Powerful Bearish Rejection.• Yesterday, NVDA did what seems to be an Exhaustion Bar, a massive bearish candlestick around a support level, far from its resistance, after the pullback was already materialized; • Today, we see a bullish reaction, and NVDA is bouncing away from its support at 263, and it is breaking the 21 ema as well, trying to reject a very bearish scenario. • The 263 is a very important support level because it is the trigger point of a Double Top chart pattern. By losing this key point, the 244 would be our next stop, and NVDA would reverse the bull trend. We already discussed this possibility in my previous NVDA analysis (link below this post); • The trend is still bullish, as NVDA isn’t doing lower highs/lows yet; • In the weekly chart, NVDA has been moving sideways for five weeks now, but it has yet to hit its technical resistance at 289; • In theory, NVDA could correct to the 21 ema in the weekly chart and this wouldn’t ruin the long-term bullish bias; • So far, the situation is under control and NVDA is still above its key support line. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
TSLA: False Breakout + Exhaustion Bar.• TSLA did a false breakout from the $200, and this key point is working as a resistance again today. The $200 is our most important key point, as I already mentioned in my previous analysis (link below this post, as usual); • Today’s movement is rejecting Friday’s candlestick, which was a powerful candle that broke the $200 resistance. This gives the impression of an Exhaustion Bar; • In order to avoid a sharper correction, TSLA would need to do a bullish reaction as soon as possible. Otherwise, it could drop all the way down to the $187 again; • The $187 is our key support, and only if TSLA loses it, the trend will reverse and become bearish again; • So far, TSLA has been doing higher highs/lows. It broke the previous top last Friday, and if TSLA finds a support above the $187 area, this will reinforce a bullish thesis; • In this scenario, TSLA would just keep trending, and the $217 would be its next target. It all depends on how it’ll react in the next couple of days; • For now, it appears TSLA triggered an Exhaustion Bar, and as the name suggests, this indicates exhaustion. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
8
FB: Could this be the bottom? Let's see.Hello traders and investors! Let’s see how FB is doing today! First, we see that FB is clearly in a bear trend. There’s nothing that could help FB now, unless we see a clear bullish reaction. As someone who is out of FB, I’m more tempted to buy than to sell, as the risk/reward ratio favors the bulls. If we fill the last gap, it’ll confirm an Exhaustion Gap, and what’s more, the $ 323.18 is an interesting support, and a good place for a reaction, as we can see on the daily chart: There’s a good chance that this could be an Exhaustion Bar, a large bar that appears after a bearish leg, hitting a previous support level, with good volume. Along with the possible Exhaustion Gap in the 1h chart, we can assume that any confirmation of a reversal down here would be an incredible sign to buy. However, we always must wait for confirmation, ok. If I were shorting FB since the $ 385, I would probably book profits now. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
NASDAQ:META
by Nathan_The_Finance_Hydra
3
AMZN: An opportunity to BUY? Let's see.Hello traders and investors! Yes, AMZN did exactly what we expected, after it confirmed a top in my last analysis. Now, what to expect here? First, despite the drop, keep in mind that we just hit a Dual-Support level in the daily chart. The first one is the 38.2% Fibonacci’s Retracement , and the second one is the 21 ema . In our last analysis, we set a target at the 21 ema, if it loses the “Trap Zone” we were looking at by the time it was above the $ 3,500. Link to my previous analysis is below this post, as usual. Now, let’s see the 1h chart: In the 1h chart, it seems we have an Exhaustion Bar : A large bar, with high volume, near the previous support that appears after a restless bearish movement. This pattern wasn’t confirmed yet, but it makes perfect sense, given the D and 1h chart support levels. So far, we have a Harami candlestick, which might work as a reversal. If we see any bullish confirmation tomorrow, I’ll consider AMZN as a buy . If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Have a good day!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2
NIO: Still a bull trend, as we thought.Hello traders and investors! I told you that the main bias was bullish! Let’s quickly update NIO’s last movements: Despite the main bullish bias, Nio was in a short-term bear trend, which was completely denied when it defeated the $ 46 , as we said in our last analysis. The H&S chart pattern wasn’t triggered, so, we had no bearish confirmation in the mid-term (not even in the short-term). Check my last analysis about NIO, if you are curious. Link below. Now, we see a powerful movement today, but it didn’t hit our target at $ 50.40 yet. What’s more, if it does a top sign around, it might drop to its support levels again, but we have no confirmation yet. Remember: To not get burned, always wait for confirmation. We are quite close to the green line in the daily chart, but the problem is if today’s bar is an Exhaustion Bar or not. It is too soon to say anything, but since we have a sequence of higher highs/lows in the daily chart, all we can assume is that the bias is still bullish. If NIO loses this bar’s low, then ok, it might see an Exhaustion Bar, indeed. The idea of an H&S is now invalid, and now see no possible bearish reversal patterns around, just a possible pullback sign, if we lose today’s low. These are my insights for NIO. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
Brent Oil Breakout or reversion? Day one analysisOANDA:BCOUSD Yesterday was the big day I was expecting with a 360 degrees daily swing, starting with a bullish attempt of 120 pips from 62.5x to 63.7x and a final fall of 200 pips. It validates how critical is that area for both Bulls and Bears to shape the following trend of Brent Crude Oil. I mentioned on my daily chart analysis yesterday an area of interest from 62.50 to 63.80. We almost covered entirely that price range. Even if Buyers managed to rescue the quotation back to the yesterday market start, the length of the downside wick on that 4H chart indicates the strength of the selling pressure. Despite that Hammer candle, a new attempt below the 62.50 is likely today. Let's consider that second day if Buyers will be able to reinitiate a new bullish attempt.
OANDA:BCOUSD
by parisseine
ETHUSD will continue its downtrend movement despite forkAs shown above, the price action is continueing the downtrend movement in a long term scenario. It has tested the strong support twice. It may retest the support before retracing. Price needs to retrace before breaking this support. This is also where many retail traders get rekt'ed because whales like to play this range. Please trade support and resistance only. Do not jump in in the middle. After confirming your support and resistance, you can put your stop loss there, so as not to get stop hunted. Fork is coming. Price retracement is right before the fork. Is this a coincidence? No, this is market sentiment. Before making final decisions, you can correlate this price action with other pairs, such as btcusd and ltcusd. This is very important.
KRAKEN:ETHUSDLong
by Kuaji